Why Rocket Internet’s Foodpanda is a safer bet than Zalora and Lazada

Why Rocket Internet’s Foodpanda is a safer bet than Zalora and Lazada May 15, 2013 by Terence LEE The last time I met Foodpanda Asia CEO Kiren Tanna, fittingly over lunch, the food delivery service hadn’t raised money and kept a lower profile compared to Zalora and Lazada, which combined have raised over USD 100M in funding. On all counts, Foodpanda has a smaller footprint: It doesn’t hire as much, is a relatively younger business, and probably makes much less in revenue despite having a presence in eight Asian countries. But to dismiss it as an inconsequential business would be a mistake: It recently raised USD 26M from Rocket Internet regular Kinnevik, Russia’s Phenomen Ventures, as well as Rocket Internet itself. Foodpanda Singapore then announced a marketing partnership with RedMart.com , an up-and-coming online grocer, while FoodPanda Vietnam revealed that it will be ...